Table 6 Asymmetrical Granger causality... | Emerald Publishing

Table 6

Asymmetrical Granger causality test

	F-statistic	p-value
LnExchangerate⁺ $\overset{D N G C}{\to}$ LnSensex	2.603^***	0.0755
LnSensex $\overset{D N G C}{\to}$ LnExchangerate⁺	3.393^**	0.0347
LnExchangerate⁻ $\overset{D N G C}{\to}$ LnSensex	2.849^***	0.0592
LnSensex $\overset{D N G C}{\to}$ LnExchangerate⁻	1.881	0.1539
LnGold⁺ $\overset{D N G C}{\to}$ LnSensex	4.833^*	0.0085
LnSensex $\overset{D N G C}{\to}$ LnGold⁺	1.142	0.320
LnGold⁻ $\overset{D N G C}{\to}$ LnSensex	3.334^**	0.0368
LnSensex $\overset{D N G C}{\to}$ LnGold⁻	1.437	0.2390
LnCrude⁺ $\overset{D N G C}{\to}$ LnSensex	3.877^**	0.0216
LnSensex $\overset{D N G C}{\to}$ LnCrude⁺	1.544	0.2149
LnCrude⁻ $\overset{D N G C}{\to}$ LnSensex	4.481^*	0.0120
LnSensex $\overset{D N G C}{\to}$ LnCrude⁻	1.893	0.1521

	F-statistic	p-value
LnExchangerate⁺ $\overset{D N G C}{\to}$ LnSensex	2.603^***	0.0755
LnSensex $\overset{D N G C}{\to}$ LnExchangerate⁺	3.393^**	0.0347
LnExchangerate⁻ $\overset{D N G C}{\to}$ LnSensex	2.849^***	0.0592
LnSensex $\overset{D N G C}{\to}$ LnExchangerate⁻	1.881	0.1539
LnGold⁺ $\overset{D N G C}{\to}$ LnSensex	4.833^*	0.0085
LnSensex $\overset{D N G C}{\to}$ LnGold⁺	1.142	0.320
LnGold⁻ $\overset{D N G C}{\to}$ LnSensex	3.334^**	0.0368
LnSensex $\overset{D N G C}{\to}$ LnGold⁻	1.437	0.2390
LnCrude⁺ $\overset{D N G C}{\to}$ LnSensex	3.877^**	0.0216
LnSensex $\overset{D N G C}{\to}$ LnCrude⁺	1.544	0.2149
LnCrude⁻ $\overset{D N G C}{\to}$ LnSensex	4.481^*	0.0120
LnSensex $\overset{D N G C}{\to}$ LnCrude⁻	1.893	0.1521

Note(s): $\overset{D N G C}{\to}$ represents does not Granger cause

Source(s): Author’s own